Politics
A Complete List of Everything in the Republican Bill, and How Much It Would Cost or Save
Depreciation allowance for qualified production property
Allow immediate deductibility of 100 percent of the cost of certain new factories and improvements
Business interest deduction
Change calculation of adjusted taxable income
Depreciation allowance for certain property
Allow immediate expensing of 100 percent of the cost of qualified property acquired from 2025 to 2030
Expensing of certain depreciable business assets
Increase dollar limitations
Deduction of domestic research and experimental expenditures
Allow immediate deductibility for expenditures paid or incurred from 2025 to 2030
Charitable contributions to organizations with scholarships
Provide new tax credit for gifts to organizations that provide scholarships. For calendar years 2026-2029.
“MAGA accounts”
Create new savings accounts for children, with a government contribution of $1,000 per child born from 2024 to 2028
The name was changed to “Trump accounts”
Small manufacturing businesses
Change accounting rules
Low-income housing credit
Modifies credit allocations and bond-financing thresholds, and gives a basis boost to Indian and rural areas
Reporting threshold for payments
Increase thresholds for reporting payments to independent contractors and other payees
Employer payments of student loans
Make the exclusion from gross income permanent and index for inflation
Opportunity zones
Renew and make changes to the existing program
Adoption tax credit
Make credit partially refundable and change rules for tribal governments
Interactions between provisions
Firearm silencers
Eliminate transfer tax
A last-minute change would deregulate silencers and eliminate a manufacturer tax on them.
Loans secured by rural or agricultural real estate
Partially exclude interest on certain loans
Certain income earned in the U.S. Virgin Islands
Exempt income for the purposes of a “GILTI” deduction
Employer-provided child care credit
Permanently increase, add a new separate amount for small businesses, index for inflation
Repeal excise tax on indoor tanning
This provision was removed from the bill.
Sound recording productions
Increase ability to expense certain costs of producing sound recordings
529 savings plans
Expand allowed expenses
Disaster-related personal casualty losses
Extend rules
Certain purchases of employee-owned stock
Disregard for purposes of foundation tax on excess business holdings
Exclusion of research income from unrelated business taxable income
Limit to publicly available research
I.R.S. Direct File program
Replace program with a public-private partnership to offer free tax filing
Increase penalties for unauthorized disclosures of taxpayer information
Postpone tax deadlines for those wrongfully detained abroad
Restrict regulation of contingency fees
Terminate tax-exempt status of certain organizations
Organizations that “provided more than a minor amount of material support or resources to a listed terrorist organization”
Wagering losses
Permanently extend limit
Qualified bicycle commuting reimbursement
Permanently eliminate the exclusion
American opportunity and lifetime learning credits
Require that students or taxpayers filing on behalf of students include their Social Security Numbers on tax returns
Sports franchises
Limit amortization deductions for certain sports-related intangibles
Increase penalties connected to Covid-related employee retention credits
Unrelated business taxable income of a tax-exempt organization
Increase by amount of certain fringe benefit expenses for which deduction is disallowed
Name and logo royalties
Treat as unrelated business taxable income
Tax on excess compensation within tax-exempt organizations
Expand application of tax
Mortgage, casualty loss and other itemized deductions
Permanently lower the home mortgage interest deduction to the first $750,000 in debt, limit the casualty loss deduction to losses resulting from federally declared disasters and terminate miscellaneous itemized deductions
Investment income of certain private colleges and universities
Increase excise tax for wealthier institutions
Excise tax for tobacco products
Limit drawback of taxes paid with respect to substituted merchandise
Moving expenses exclusion and deduction
Permanently eliminate both, except for active-duty military
Earned income tax credit
Make changes to prevent duplicate claims and create a program integrity task force
Compensation paid to certain high-earning employees
Change deduction limitation rules
Investment income of tax-exempt private foundations
Increase excise tax rates
Charitable contributions made by corporations
Establish a floor of one percent of taxable income on deduction
Excise tax on on money sent abroad
Impose new excise tax on remittance transfers by those who are not U.S. citizens or U.S. nationals
Limitation on excess business losses by noncorporate taxpayers
Make permanent
De minimis entry privilege
Repeal the privilege, which currently allows shipments under $800 to enter the U.S. duty-free
New limitation on itemized deductions
Permanently change
Raise certain taxes to retaliate against “unfair foreign taxes”
State and local tax deduction
Permanently cap itemized deductions for state and local taxes at $30,000 per household. The current cap is set to expire next year, so any cap imposed would save the government money.
Late negotiations increased the SALT cap to $40,000. That change is not reflected in the savings shown here.
Politics
DC police accused of manipulating crime stats as federal probe finds thousands of misclassified cases
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U.S. Attorney for the District of Columbia Jeanine Pirro said Monday that a months-long federal investigation uncovered widespread misclassification of crime reports by the Metropolitan Police Department (MPD), making crime statistics across Washington, D.C. “artificially lower.”
Pirro said the findings were based on a review of nearly 6,000 reports and interviews with more than 50 witnesses, showing that D.C.’s crime numbers were significantly understated.
“It is evident that a significant number of reports had been misclassified, making crime appear artificially lower than it was,” Pirro said in a statement.
Pirro said MPD’s conduct “does not rise to the level of a criminal charge,” but added that it is up the department to “take steps to internally address these underlying issues.”
PIRRO TEARS INTO PRITZKER AFTER DEADLY WEEKEND IN CHICAGO: ‘HE SHOULD BE ASHAMED OF HIMSELF’
U.S. Attorney for DC Jeanine Pirro said on Dec. 15 that an investigation uncovered widespread misclassification of crime reports by the Metropolitan Police Department. (Evan Vucci/AP Photo)
Pirro’s office began investigating reports of deflated crime statistics last August, as President Donald Trump initiated a federal crime crackdown in the district.
Trump issued an executive order addressing the “epidemic of crime” in the nation’s capital and deployed federal law enforcement personnel, including the National Guard.
“The uncovering of these manipulated crime statistics makes clear that President Trump has reduced crime even more than originally thought, since crimes were actually higher than reported,” Pirro stated. “His crime fighting efforts have delivered even more safety to the people of the District.”
TRUMP SAYS CHICAGO CRIME HAS FALLEN DRAMATICALLY DESPITE ‘EXTRAORDINARY RESISTANCE’ FROM LOCAL DEMOCRATS
Department of Homeland Security Investigations agents join Metropolitan Police Department officers as they conduct traffic checks at a checkpoint along the 14th Street Northwest corridor in Washington, D.C., in Wednesday, Aug. 13, 2025. (Jose Luis Magana/AP Photo)
The U.S. Attorney’s Office for the District of Columbia did not immediately respond to Fox News Digital’s request for comment and further information on its investigation into the MPD.
Pirro’s statement came after the House Oversight Committee released an interim report on Sunday claiming that outgoing MPD Chief Pamela Smith, who announced her resignation on Dec. 8, oversaw an unprecedented system of intervention in crime reporting.
The Republican-led committee alleges that Smith pressured commanders to lower classifications of crime and retaliated against those who reported spikes, according to the congressional report.
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The Metropolitan Police Department in Washington, D.C., was accused of manipulating crime stats. (Getty Images)
MPD did not immediately respond to Fox News Digital’s request for comment.
Fox News Digital’s Ashley Carnahan contributed to this report.
Politics
Commentary: From Rob Reiner, a life of political activism driven by compassion. From Trump, a grave dance
Whether you sat across the table from him or across the aisle, Rob Reiner left no doubt about what he cared about and was willing to fight for.
I had lunch with him once at Pete’s Cafe in downtown L.A., where he was far less interested in what was on his plate than what was on his mind. He was advocating for local investments in early childhood development programs, using funds from the tobacco tax created by Proposition 10 in 1998, which he helped spearhead.
I remember thinking that although political activism among celebrities was nothing new, Reiner was well beyond the easier tasks of making endorsements and hosting fundraisers. He had an understanding of public policy failures and entrenched inequities, and he wanted to talk about the moral duty to address them and the financial benefits of doing so.
“He was deeply passionate,” said Ben Austin, who was at that lunch and worked as an aide to Reiner at the time. “He was not just a Hollywood star … but a highly sophisticated political actor.”
Reiner, who was found dead in his Brentwood home over the weekend along with his wife, Michele, also was co-founder of the American Foundation for Equal Rights, which was instrumental in the fight to legalize same-sex marriage in California in 2008.
Michele Singer Reiner was her husband’s “intellectual partner” as an activist, Austin said, even though he was usually the one whose face we saw. But Michele made her voice heard too, as she did when emailing me about the inexcusable crisis of veterans living on the street, including on the West L.A. veterans administration campus at a time when it was loaded with empty buildings.
I’d check on the progress and get back to her, and she’d check back again when little had changed. At one point I told her I’d been informed that beds in a new shelter would be filled by the end of the year.
“And if you believe that,” she wrote back, “I’ve got a bridge for you.”
In choosing his causes, Austin said of Rob Reiner, the actor-director-producer “was not jumping on a train that was already moving.” Universal preschool education was barely a fringe issue at the time, Austin said, but Reiner was more interested in social change than making political points.
Reiner’s aggressive instincts, though, sometimes drew pushback. And not just from President Trump, who established a new low for himself Monday with his social media claim that Reiner’s death was a result of his disdain for Trump.
Reiner resigned in 2006 as chairman of California’s First 5 commission, an outgrowth of Proposition 10, after Times reporting raised questions about the use of tax dollars to promote Proposition 82. That Reiner-backed ballot measure would have taxed the rich to plow money into preschool for 4-year-olds.
In 2014, Reiner was at the center of a bid to limit commercial development and chain stores in Malibu, and I co-moderated a debate that seemed more like a boxing match between him and developer Steve Soboroff.
As the Malibu Times described it:
“Rob Reiner and Steve Soboroff came out with guns blazing Sunday night during a Measure R debate that’s sure to be one of the most memorable — and entertaining — Malibu showdowns in recent town history.”
Reiner threw an early jab, accusing Soboroff of a backroom deal to add an exemption to the measure. That’s a lie, Soboroff shot back, claiming he was insulted by the low blow. Reiner, who owned houses in both Brentwood and Malibu, didn’t care much for my question about whether his slow-growth viewpoint smacked of NIMBY-ism.
“I would say there’s a lot of NIMBY-ism,” Reiner snapped. “You bet. It’s 100% NIMBY-ism. Everybody who lives here is concerned about their way of life.”
But that’s the way Reiner was. He let you know, without apology, where he stood, kind of like his “Meathead” character in Norman Lear’s hit TV show “All in the Family,” in which he butted heads with the bigoted Archie Bunker.
Getting back to President Trump, he too unapologetically lets you know where he stands.
But most people, in my experience, work with filters — they can self-censor when that’s what the moment calls for. It’s not a skill, it’s an innate sense of decency and human consideration that exists in the hearts and souls of normal people.
I did not know much about the history of Nick Reiner’s addiction issues and his temporary homelessness. But it became clear shortly after the bodies were found that the Reiners’ 32-year-old son might have been involved, and he was indeed booked a short time later on suspicion of murder.
What I do know is that with such an unspeakable horror, and with the family’s survivors left to sort through the madness of it all, a better response from the president would have been silence.
Anything but a grave dance.
The Reiners died, Trump said, “reportedly due to the anger he caused others through his massive, unyielding, and incurable affliction with a mind crippling disease known as TRUMP DERANGEMENT SYNDROME … .” The deaths occurred, Trump continued, “as the Trump Administration surpassed all goals and expectations of greatness …”
It was a reaction, Austin said, “that makes the case, better than Rob ever could have, about why Trump has no business being president of the United States.”
steve.lopez@latimes.com
Politics
Bill and Hillary Clinton’s Stance on Epstein Testimony Dec. 10
WILLIAMS & CONNOLLY LLP
Hon. James Comer
Hon. Robert Garcia
December 10, 2025 Page 3
That means, of the original eight individuals (aside from my clients) subpoenaed in August, only one has testified live, Attorney General Barr, who was Attorney General in 2019 when Epstein was investigated, indicted, and killed himself in federal custody.’ HOGR’s insistence that its work requires appearances from only three of the original ten witnesses called, two of whom are named “Clinton”, lays bare the partisan motivations behind insisting that my clients give live testimony. There is no credible basis for seeking such testimony.
President Clinton left office nearly twenty-five years ago. While in office, the Epstein matter was not before any part of the federal government, nor was it in the public domain. Furthermore, he had no relationship with Mr. Epstein for nearly twenty years before Mr. Epstein’s death. Mr. Epstein was first charged in 2006 by the State of Florida for a misdemeanor, executed a federal non-prosecution agreement in 2007, and pleaded guilty to two state felony charges in 2008. For context, and to note the historically high bar Congress has set until now, the Chairman has observed, “There have been two presidents in the last century that have been subpoenaed by Congress…. and neither ended up testifying in front of Congress.” (Washington Examiner, Aug. 6, 2025). No former President has appeared before Congress since 1983, forty-two years ago (and President Gerald Ford did so to discuss the upcoming celebration of the 1987 bicentennial of the enactment of the Constitution).² That is for good reason. Any legislative request for testimony from a current or former President inevitably raises separation of powers issues.³ While the Committee has indicated it respects the restraints of executive privilege when a President is asked for information (as Congress itself asks the Executive Branch to respect the Speech or Debate Clause), it is bound by Constitution, tradition, and practice to recognize the
1 I would note that in reviewing the 127-page transcript of Attorney General Barr’s testimony before the Committee, the word Clinton appears seven (7) times:
Secretary Clinton is mentioned three (3) times (once in conjunction with the Clinton Foundation). Two (2) were regarding President Trump’s actions relating to Russia and the 2016 election, far afield from the Epstein matter. The third reference was whether she somehow planted President Trump’s name in the Epstein files, despite her last serving in government nearly thirteen years ago. Barr’s testimony undercuts this conjecture.
President Clinton is mentioned three (3) times. In response to questions from the Committee, Barr states that there was no evidence President Clinton visited the island of Little St. James.
2 Further illustrating this separation of powers concern, President Reagan was not asked to appear before the congressional committees reviewing the Iran-Contra events, and President Clinton himself provided information privately to the independent (and not congressional) 9/11 Commission on a matter of national security and international relations.
3
See Trump v. United States, 603 U.S. 593, 612-13 (2024) (reviewing the importance of maintaining the separations of power involving requests of Presidents in explaining presumptive privilege).
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